1. What is the projected Compound Annual Growth Rate (CAGR) of the Drone Sensor Market?
The projected CAGR is approximately 15%.
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Drone Sensor Market by Sensor Type (Inertial sensor, Image sensor, Speed and distance sensor, Position sensor, Pressure sensor, Light sensor, Current sensor, Ultrasonic sensor, Altimeter sensor, Flow sensor), by Platform Type (VTOL, Fixed wing, Hybrid), by Application (Navigation, Obstacle detection and avoidance, Data acquisition, Motion detection, Air pressure measurement, Power management, Others), by End-Use Industry (Construction, Media & entertainment, Precision agriculture, Energy & utilities, Military & defense, Consumer, Law enforcement, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Drone Sensor Market was valued at USD 1.4 Billion in 2024 and is projected to reach USD 3.72 Billion by 2033, with an expected CAGR of 15% during the forecast period. The Drone Sensor industry emphasizes the advancement and use of sophisticated sensors embedded in drones to improve their functionalities across multiple sectors. These sensors, such as GPS, LiDAR, infrared, thermal, radar, and optical, are essential for allowing drones to navigate, collect high-quality data, and execute accurate tasks. The market is propelled by the increasing use of drones in various fields including agriculture, construction, logistics, defense, and environmental monitoring, where they are employed for surveying, mapping, inspections, surveillance, and delivery. The incorporation of sophisticated sensors enables drones to gather real-time information, enhance precision, and execute autonomous tasks with little human involvement. Significant trends driving the market's expansion involve the growth of commercial drone uses, the growing need for data acquisition in difficult or unsafe areas, and improvements in sensor technology that enhance performance regarding range, resolution, and adaptability to environments. Due to regulatory changes promoting the expansion of drone operations and ongoing advancements in sensor technologies, the Drone Sensor market is anticipated to grow swiftly, facilitating various applications including precision agriculture, emergency response, and infrastructure monitoring.
The market is moderately concentrated, with major players such as Teledyne Flir LLC, Trimble Inc., and Velodyne Lidar, Inc. holding significant market share. Innovation plays a crucial role, as companies continuously invest in developing advanced sensors with improved accuracy, reliability, and miniaturization. Regulations governing drone operations impact the market dynamics, and product substitutes, such as GPS systems, may pose a challenge to the growth of the sensor market.
Market Size and Growth: The market size is projected to grow from USD 1.4 Billion in 2023 to USD 3.2 Billion by 2028.
Market Share: Teledyne Flir LLC holds the largest market share in the Drone Sensor Market.
North America:
Europe:
Asia Pacific:
Latin America:
MEA:
July 2024: ideaForge acquires stake in GalaxEye for drone-based fog penetration sensors.
January 2023: Missiya introduces M-22Q1 Zakal drone with advanced onboard sensors for obstacle avoidance.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 15% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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The projected CAGR is approximately 15%.
Key companies in the market include Teledyne Flir LLC, Trimble Inc., Velodyne Lidar, Inc., Bosch Sensortec GmbH, TE Connectivity, InvenSense Inc., STMicroelectronics.
The market segments include Sensor Type, Platform Type, Application, End-Use Industry.
The market size is estimated to be USD 1.4 Billion as of 2022.
Growing demand for drones in commercial applications. Increased adoption in military and defense. Technological integration with Artificial Intelligence (AI) and Internet of Things (IoT). Increasing investment in drone technology. Advancements in sensor technology.
N/A
High cost of advanced sensors. Limited battery life and payload capacity.
In July 2024, ideaForge acquired a stake in GalaxEye to build drone-based sensors for fog. The acquisition will help ideaForge develop drone-based sensors for fog and foliage penetration. It claims to be building the world’s first multi-sensor imaging satellite. This satellite is intended to provide geospatial analyses to governments, defense, and industries.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Drone Sensor Market," which aids in identifying and referencing the specific market segment covered.
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